Lyons Bancorp, Inc. Increases Dividend by 15%
The Board of Directors of Lyons Bancorp, Inc., the parent of The Lyons National Bank, declared a quarterly cash dividend of $0.38 per share on the Company’s common stock. The $0.38 is an increase of $0.05 or 15% from the previous quarterly dividend. Shareholders of record at the close of business on September 30, 2014 will be paid the dividend on October 15, 2014. Based on the current market price of the Company’s common stock, the annualized dividend of $1.52 per share produces a dividend yield of 3.71%.
Lyons Bancorp, Inc. is the holding company for The Lyons National Bank. The Lyons National Bank is a community bank with offices in Lyons, Clyde, Macedon, Newark, Ontario, and Wolcott in Wayne County; Jordan in Onondaga County; Geneva and Canandaigua in Ontario County; Penn Yan in Yates County; and Waterloo in Seneca County. The Lyons National Bank has one subsidiary, Lyons Realty Associates Corp.